Invesco Energy Exploration & Production ETF (NYSEARCA:PXE) Short Interest Down 96.1% in June

Invesco Energy Exploration & Production ETF (NYSEARCA:PXE) was the target of a significant drop in short interest during the month of June. As of June 30th, there was short interest totaling 2,271 shares, a drop of 96.1% from the June 15th total of 58,731 shares. Based on an average trading volume of 63,415 shares, the short-interest ratio is currently 0.0 days. Approximately 0.1% of the shares of the stock are short sold.

Invesco Energy Exploration & Production ETF Trading Down 0.5%

Shares of PXE traded down $0.19 during mid-day trading on Friday, reaching $34.78. The company’s stock had a trading volume of 5,973 shares, compared to its average volume of 58,167. Invesco Energy Exploration & Production ETF has a 52 week low of $27.21 and a 52 week high of $40.74. The stock has a market cap of $77.91 million, a PE ratio of 10.78 and a beta of 0.48. The company’s fifty day moving average price is $35.78 and its two-hundred day moving average price is $34.04.

Institutional Trading of Invesco Energy Exploration & Production ETF

Hedge funds have recently added to or reduced their stakes in the business. Western Wealth Management LLC bought a new position in shares of Invesco Energy Exploration & Production ETF during the first quarter valued at about $50,000. Bank of Montreal Can bought a new stake in shares of Invesco Energy Exploration & Production ETF in the 4th quarter valued at about $89,000. Sunbelt Securities Inc. purchased a new stake in Invesco Energy Exploration & Production ETF during the 1st quarter valued at about $182,000. Private Advisor Group LLC bought a new position in Invesco Energy Exploration & Production ETF during the 1st quarter worth approximately $233,000. Finally, BNP Paribas Financial Markets bought a new position in Invesco Energy Exploration & Production ETF during the 3rd quarter worth approximately $294,000.

About Invesco Energy Exploration & Production ETF

PowerShares Dynamic Energy Exploration & Production Portfolio (the Fund) seeks investment results that correspond generally to the price and yield of the Dynamic Energy Exploration & Production Intellidex Index (the Index). The Index evaluates companies based on a variety of investment merit criteria, including fundamental growth, stock valuation, investment timeliness and risk factors. Securities shown to possess the greatest capital appreciation potential are selected by the Index. The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index.